Business Planning

/Business Planning

Buy-Sell Agreements: 2 Strategies

By |2017-03-22T15:56:45+00:00March 22nd, 2017|Borakove Osman Newsroom, Borakove Osman Newsroom, Business Planning, Estate Planning Blog, Family Farm Planning, Small Business Planning, ThE-State of Planning|

BUY-SELL AGREEMENT MECHANICS Stock Redemption vs. Cross Purchase  Stock Redemption Buy-Sell Agreement              Under a redemption arrangement, your Company agrees to redeem the shares/interest of a deceased owner at his death, and the owner agrees prior to death that his estate will transfer the shares back to the Company for an agreed-upon price. An advantage [...]

Nothing is as UNcertain as the Election and Estate Taxes

By |2017-03-23T13:22:33+00:00August 2nd, 2016|Borakove Osman Newsroom, Borakove Osman Newsroom, Business Planning, Estate Planning, Estate Planning Blog, Family Farm Planning, ThE-State of Planning|

Ever since the increase of the estate tax exemption to $5 Million (indexed for inflation in year, making the estate tax exemption $5.45M in 2016), the chatter with the estate tax has simmered. For those who have forgotten about the estate tax, in simple, albeit, incomplete terms, in 2016 you may give away $5.45M to any individual [...]

IDGT: The Intentionally Defective Grantor Trust — More than an Estate Planning Tax Widget

By |2017-01-27T04:15:56+00:00July 2nd, 2013|Borakove Osman Newsroom, Borakove Osman Newsroom, Business Planning, Estate Planning, Estate Planning Blog, Family Farm Planning, Small Business Planning|

  I.D.G.T. - INTENTIONALLY DEFECTIVE GRANTOR TRUST                 Perhaps one of the most unfortunate vocabulary choices in the estate planning field lies with the “Intentionally Defective Grantor Trust,” or IDGT.  While the use of the term defective may cause clients to cringe, there is nothing to fear about the IDGT’s legality or effectiveness. Let’s analyze [...]

Estate and Business Planning for Family Farms

By |2017-01-27T04:15:56+00:00January 8th, 2012|Borakove Osman Newsroom, Business Planning, Estate Planning, Family Farm Planning, Small Business Planning|

The Meaning of Farm Continuation Planning by Attorney Shayna W. Borakove, BORAKOVE | OSMAN LLC. "Attorney Borakove speaks about her personal experience with her own family's farm and how continuation is the goal of succession." Based on my own farm family, and having experienced the successful continuation of our family farm following the death of [...]

Business Maintenance and Adequate Capitalization

By |2017-01-27T04:15:56+00:00October 11th, 2011|Business Planning, Small Business Planning|

Every bit of effort put towards the maintenance of your business is worth it- especially if such maintenance helps shore up the business against claims of third parties. Taking steps to incorporate (i.e., form a corporation) or organize a limited liability company in Wisconsin does not magically make a business owner's personal assets separate and  [...]